Beneficiary tax offset
bto(benefit_amount, fy.year = NULL, rate1 = 0.15, benefit_threshold = 6000, tax_threshold = 37000, rate2 = 0.15)
| benefit_amount | The amount of Tax Offsetable benefit received by the taxpayer during the income year. |
|---|---|
| fy.year | The income year. Not used by default. |
| rate1 | The coefficient in Division 2, section 13(2) of the Income Tax Assessment (1936 Act) Regulation 2015 (the regulations). |
| benefit_threshold | The amount of benefits above which the offset applies. |
| tax_threshold | The threshold at the upper conclusion of the lowest marginal tax rate in the words of the section 13(3) of the regulations. |
| rate2 | The second coefficient in section 13(3) of the regulations. |
The beneficiary tax offset.
This function disagrees with the ATO online calculator.